Revolving Credit

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.
Posts about Revolving Credit
  • Twitter Raises $1.8 Billion After Strong Demand for Notes

    … million has been raised in seven-year notes due 2021 with a 1 percent annual interest rate. Interest is paid semi-annually in March and September, in arrears. Alongside Twitter’s existing $1 billion revolving credit line, the new capital gives Twitter plenty of room for acquisitions and expansion – I wouldn’t be at all surprised if they pick up one or two interesting third parties later this year. …

    Shea Bennett/ AllTwitterin Social Twitter- 1 readers -
  • Twitter Eyes $1.5 Billion Debt Offering

    … increase to $1.5 billion overall if the banks involved exercise an overallotment option which allows underwriters to issue more bonds than originally planned – in this case, two additional $100m pieces. The company is expected to invest the capital in acquisitions and expansion. Twitter has an existing $1 billion of revolving credit which it implemented ahead of its IPO last year. (Source: Bloomberg. Twitter image via Shutterstock.) …

    Shea Bennett/ AllTwitterin Social Twitter- 5 readers -
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